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20120723
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NBC
Jul 23, 2012 11:00am EDT
is live with more on this for us now. tracy, good morning. >> reporter: good morning, barbara. ncaa officials say these sanctions are meant to change the culture of athletics at penn state. while not punishing those who have done nothing wrong. it's a tough line to walk, but here's what the ncaa came up with. penn state has to pay a $60 million fine, which equals the amount of money generated annually by the football program. there will be a four-year ban on bowl games and any post-season competitions as well. there will be a reduction in sports scholarships from 25 to 15 for the next four years. the university will be stripped of all wins from 1998 through 2011. officials say that start date marks the date of the first infraction. the university will be on probation with the ncaa for the next five years, and the ncaa reserves the right to investigate individuals affiliated with the program and possibly levy additional sanctions after all criminal proceedings are complete. this historic penalty is brought by the ncaa followed former penn state assistant coach jerry sandusky's convic
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